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Tsetsenmaa E. is 30, married and the mother of three children. She and her family live together in a ger, the traditional Mongolian nomadic tent. Tsetsenmaa operates a raw materials trading business. She sells a variety of animal products including sheepskins. Tsetsenmaa has been operating her business since 1997 and has gained valuable experience. With her earnings, she has purchased a Korean car for her family.

Her husband, Erdenebaatar, is 37 years old and a driver for the Badamlah Dul company. Two of her children attend local secondary schools. Her youngest child attends a local kindergarten. Tsetsenmaa is a great businesswoman who has been working hard to provide a better life for her family. She is a very hard-working person with a good personality. Tsetsenmaa is requesting a 2,600,000 tugrug (~1860 USD) loan to increase her business's working capital.

Additional Information

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,381.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Tsetsenmaa to increase her business's working capital.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 16, 2010
Apr 24, 2010
Currency Exchange Loss:
Jan 15, 2011